KPMG Baltics, the administrator of the to-be-liquidated Latvijas Krajbanka in January and February 2016 recovered EUR 9.43 million, informs LETA.
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The administrator recovered EUR
1,359,643 in January and EUR 8,068,755 in February, according to the report of
the banks financial situation.
In February Latvijas Krajbanka and Ernst
& Young Baltic (EY) reached a
settlement in relation to financial audits conducted by EY, and EY agreed to
repay EUR 7.75 million to Latvijas
Krajbanka.
Latvijas
Krajbankas assets at the end of February
stood at EUR 45.2 million, while its liabilities were EUR 544.23 million. At
the end of February 2016 Latvijas
Krajbanka still owed EUR 233.275 million to the Deposit Guarantee Fun…
Read the full article at: http://www.baltic-course.com/eng/finances/?doc=118358